Tag Archives: Emmanuel Macron

En Marche maintains FDJ sale agenda but strategy remains unclear

Addressing an audience of French business stakeholders, Bruno Le Maire – France’s Finance Minister – maintained the En Marche government’s schedule of selling state-owned lottery and betting operator Française des Jeux (FDJ) in 2019. Le Marie hinted at an event hosted by MEDEF, France’s enterprise association, that an FDJ sale could be completed by November of this year as En Marche …

Read More »

Paddy Power shortens odds on BoJo scrapping backstop

As Boris Johnson’s trip over to the continent has continued to attract attention from UK media, Paddy Power has shortened its odds on whether BoJo can secure a deal with Angela Merkel where a backstop doesn’t exist, despite her outlining a hard line 30-day time limit. The Irish bookmaker has been offering odds of 8/1 that BoJo can agree a deal …

Read More »

En Marche appoints banking collective to table an FDJ IPO

The French government has accelerated its plans to privatise state-owned lottery and sports betting operator Francaise des Jeux (FDJ), appointing a collective of eight investment banks to work on the sale of the asset. This week, the APE, the agency overseeing the management French state-owned firms, confirmed that BNP Paribas would be joined by Citigroup, Goldman Sachs, Credit Agricole, HSBC, …

Read More »

France Galop joins efforts to raise funds for Notre-Dame

French racing body France Galop has joined in efforts to raise funds for the reconstruction of the Notre-Dame cathedral after a fire destroyed parts of the building on Monday evening. The governing body’s president, Edoard de Rothschild, has announced that the Prix du President de la Republique will be renamed for this weekend’s meeting at Auteuil, with all proceeds going …

Read More »

En Marche faces rocky road in pursuit of FDJ sale

France’s Senate has revealed that it will review the proposed sale of state-owned assets Française des Jeux (FDJ) and Aéroports de Paris (ADP) this April. The decision follows the approved passage of the ‘PACTE Loi’ mandate, which seeks to implement the En Marche government’s headline ‘Enterprise and Innovation’ programme, which will move to privatise a number of French public firms and …

Read More »

En Marche to sell FDJ on the condition that France revamps gambling regulatory framework

As anticipated, Emmanuel Macron’s En Marche government has confirmed that it will privatise French state-owned gambling and lottery operator Francaise des Jeux (FDJ). However, FDJ’s sale comes with several strings attached, as the French Assembly demands that En Marche moves to restructure France’s national gambling regulatory framework. As a key initiative of Macron’s ‘France enterprise and innovation program’, En Marche will …

Read More »

En Marche plans adieu for France FDJ

French news sources report that Emmanuel Macron’s En Marche government is planning to sell a 50% stake in national gambling operator Francaise des Jeux (FDJ). The sale forms part of Macron’s modernisation of French enterprise, where En Marche will seek to privatise a number of state-owned assets. For a number of years, French policymakers have mooted the sale of FDJ, …

Read More »

Betfair – Le Pen’s price proves to be an ‘attractive proposition’ as France 2017 hits £22 million mark

Updating the media, on its ‘France 2017’ general election market, Betfair Politics maintains that far-right candidate and former Front National leader Marie Le Pen is still an ‘attractive proposition’ for political punters priced at 9/1. As France heads to the polls this Sunday 7 May, Betfair informs that its ‘France 2017’ market has hit the £22 million wagering mark breaking …

Read More »

Betfair Politics – Mon Dieu! Francois Fillon back in the race for France 2017 as market hits £11 million

Betfair Politics reports that against all expectations (even perhaps his own), scandal hit Francois Fillon is back in the race for France 2017, as its political betting market hits £11.5 million in matched wagers.  Updating its French 2017 General Election market, Betfair reports that Fillon is trading as second favourite currently priced 5.2, just ahead of Front National’s Marie Le …

Read More »

Betfair – TV debates favour Macron as France 2017 hits £8 million mark

Betfair politics reports that France’s two-and-a-half hour Presidential TV debate (21 March) has favoured ‘En Marche’ candidate Emmanuel Macron who is now priced at 5/8 (61% chance of winning) to become France’s next leader. Updating its ‘France 2017’ market, Betfair politics is still seeing plenty of support for far-right ‘Front National’ leader Marie Le Pen who has seen her odds …

Read More »